The ability to account for Internet-based sales transactions according to GAAP / Blanché Steyn

Abstract:

The incorporation of a new technology, such as the Internet, into business
processes can have an unexpected influence on those business processes.
The study focused on the hypothesis that four entities (case studies) can
account for their South African Internet-based sales transactions in a manner
that complies with the requirements of GAAP. To address the hypotheses,
the study was divided into the following research questions:
• How do the four entities capture and record their South African Internet-based sales transactions?
• Are these sales transactions accounted for in a manner that complies with the requirements of GAAP?
To answer the first research question, data were collected from four entities.
To answer the last research question, the data collected were compared with
the requirements of GAAP to enable the study to conclude positively on the
hypothesis.